NEWSFeb 14, 2024European Union Approves Korean Air's $1.4 Billion Acquisition of Asiana AirlinesA merger between South Korea's two largest airlines, Korean Air and Asiana Airlines, has been under discussion for several years. After uncertainty over the merger's status, news emerged showing that progress is continuing. On February 13, the European Commission approved Korean Air's acquisition of Asiana Airlines, providing another green light for the merger.Read More →
NEWSFeb 13, 2024Velocys Raises $40 Million in Funding for Sustainable Aviation Fuel TechnologyAlthough new aircraft can reduce carbon dioxide emissions, sustainable aviation fuels (SAF) offer a near-term solution for cleaner skies. In a recent boost to the green aviation fuel industry, Velocys secured $40 million in funding from a consortium of growth investors. The UK-based firm is a pioneer in SAF development by pushing its technology towards broader adoption and potentially revolutionizing air travel.Read More →
NEWSFeb 07, 2024EU General Court Declares Netherlands' €3.4 Billion Aid to Air France-KLM IllegalThe General Court of the European Union has ruled that the Dutch government's multi-billion dollar aid to KLM in 2020 was illegal. European low-cost giant Ryanair has praised the ruling, calling for the Court to recover the illegal aid.Read More →
INFORMATIONALFeb 02, 2024Why South Africa's Aviation Industry is Collapsing Amid Flag Carrier Bankruptcy and Economic IssuesSouth Africa's aviation industry, once a symbol of the country's economic prowess, currently navigates turbulent skies. The collapse of South African Airways (SAA), the national carrier, and broader economic strains have created a perfect storm, threatening the industry's survival.Read More →
NEWSFeb 02, 2024Athens Airport Raises €785 Million in IPO Amid High Passenger Traffic, Including New Flights From ChicagoAthens International Airport (AIA) completed its initial public offering (IPO) on January 25, raising a staggering €785 million ($848 million) in a landmark deal. This impressive sum surpasses initial expectations and marks the biggest listing on the Greek stock exchange since 2000, signifying a significant vote of confidence in the airport's future and the broader Greek tourism industry.Read More →
NEWSJan 31, 2024Boeing Reports Fourth Quarter Earnings After Suspending Guidance Amid 737 MAX 9 CrisisBoeing's fourth quarter (Q4) earnings report was volatile, with both financial turbulence and a shocking U-turn on their 2024 forecast. Still reeling from recent safety issues, the aerospace giant released results showing continued financial losses and a decision to ditch their financial predictions for 2024. This move is unprecedented in recent company history and sent shockwaves through the industry, raising questions about Boeing's future and the factors behind this bold decision.Read More →
NEWSJan 28, 2024Embattled Brazilian Low-Cost Carrier GOL Files for Chapter 11 BankruptcyGol Linhas Aereas Inteligentes SA (GOL), Brazil's largest low-cost carrier, filed for Chapter 11 bankruptcy protection in the U.S. on January 25. Although many industry analysts already expected GOL to file for bankruptcy, the move highlights airlines' enduring challenges due to the COVID-19 pandemic and broader economic uncertainties.Read More →
NEWSJan 27, 2024Disappearing Flight Attendants: A Mystery for Pakistan International AirlinesPakistan International Airlines (PIA) has faced no shortage of struggles over the past decade. Currently, the carrier is in the process of potential privatization as a last-effort attempt to save it from collapse. However, an unusual series of issues have started affecting the airline more recently. This relates to the increasing number of PIA flight attendants reportedly "disappearing" in Toronto.Read More →
INFORMATIONALJan 25, 2024How Boeing's Race for Profits Created Safety and Quality IssuesOnce a symbol of American aviation prowess, Boeing is in a tailspin of controversy and financial woes. The once-unthinkable prospect of a competitor like Airbus surpassing its market dominance now looms large, fueled by troubling revelations that point to a company prioritizing profits over safety and quality. Read More →
NEWSJan 24, 2024U.S. Airlines' Fourth Quarter Earnings: What Is Behind Their Strong Performance?The fourth quarter of 2023 (Q4 2023) yielded strong results for America's "Big Five" airlines. These are the U.S.' five largest airlines: Alaska Airlines, American Airlines, Delta Air Lines, Southwest Airlines, and United Airlines. Many factors are behind these strong financial results, and airlines face multiple headwinds going into 2024.Read More →
